DataProphet provides an AI-as a-service product called DataProphet Prescribe, which “proactively prescribes changes to plant control plans to continuously optimise production without the expert human analysis that is typically required”, the funding parties said in a statement on Monday evening.
This is not the first DataProphet funding round that Cape Town-based Knife Capital has participated in. It made its first investment in the company in 2018. Managing partner Andrea Bӧhmert said: “DataProphet has emerged as a global thought leader in its field and, as such, is a prime example of the kind of cutting-edge technologies South African entrepreneurs are capable of developing with global relevance in a fast-growing market.”
See Cape Town’s DataProphet raises R100m for global expansion – TechCentral
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Cape Town-based DataProphet, a major provider of artificial intelligence solutions that enable manufacturers to implement autonomous manufacturing, has raised $6-million in a new funding round.